The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
© 2024 TheOutpost.AI All rights reserved
Curated by THEOUTPOST
On July 24, 2024
2 Sources
[1]
3 Artificial Intelligence (AI) Stocks to Buy With $600 and Hold for Forever
The hype around artificial intelligence (AI) is justified; researchers seem pretty sure that AI technology will add trillions of dollars in value to the global economy over the coming decade and beyond. That said, it's unclear today which companies will be best at capturing this massive economic opportunity. That's likely why AI hype has boosted so many technology stocks over the past 18 months. Not every one of these AI stocks will succeed in the long run. The best money-making option for investors might be to swing to get on base rather than trying to hit home runs. One way to do that is to invest in obvious AI winners with less potential upside as well as less chance of striking out. Three clear winners have emerged from the AI pack. With an investment of as little as $600, you could buy a full share of all three stocks and hold these winners indefinitely. These stocks have what it takes to establish quality AI exposure that could lift your portfolio over the coming years. 1. Nvidia Software and specialty chip designer Nvidia (NASDAQ: NVDA) is the poster child of artificial intelligence today, placing it at the top of the list. Nvidia is the overwhelming choice for companies that need specialized AI chips for the data centers running powerful AI models. The company accounted for an astonishing 98% of data center graphics processing unit (GPU) sales last year. Revenue growth exploded, with companywide sales hitting nearly $80 billion over the past four quarters. Nvidia's secret sauce is its proprietary CUDA software, which optimizes Nvidia's GPU chips for AI applications. Long-term investors must ask: Can this level of growth continue? NVDA Revenue (TTM) data by YCharts Competition will undoubtedly come for Nvidia, and customers may not want to depend solely on one source for such a critical AI component. However, the AI chip market could grow to approximately $228 billion by 2030, several times its current size. It's possible that a rapidly growing market offsets lost market share, and the fact that Nvidia dominated so much so quickly signals a powerful competitive moat that won't likely fall apart easily. Continually advancing AI technology could demand frequent upgrades to better chips and hardware. There is much to like, even if Nvidia slowly cedes market share over the coming years. Long-term investors can confidently hold the stock until proven otherwise. 2. Microsoft Veteran technology giant Microsoft (NASDAQ: MSFT) stands out for its diversification. The company dabbles in hardware and software across enterprise and consumer markets. From the cloud to gaming, Microsoft is everywhere. That includes plenty of AI exposure. Microsoft partnered with AI software developer OpenAI, establishing Microsoft's Azure as its exclusive cloud platform. That means Microsoft benefits as AI-related computing needs trickle through its cloud business. Additionally, Microsoft is weaving AI features into software programs and launching AI-powered personal computers. MSFT Revenue (TTM) data by YCharts Financially, Microsoft is a juggernaut with a higher credit rating than the U.S. government. Management also treats shareholders well by returning profits via dividends and share repurchases. Microsoft has raised its dividend for 22 consecutive years and repurchased enough stock to lower its share count by almost 10% over the past decade. Microsoft's best growth days are over; the company is already worth $3 trillion. However, there is still gas in the tank. Analysts expect double-digit earnings growth moving forward, which is plenty to make the stock a long-term winner. 3. Palantir Technologies AI tools are cutting-edge for most companies, but for Palantir Technologies (NYSE: PLTR), they're an extension of what it's known for years. Over a decade ago, the company started doing complex data analytics work for government agencies like the CIA, NSA, and FBI. Since then, it's expanded to the corporate sector, where its custom software optimizes supply chains, detects financial fraud, and much more. Palantir launched its AIP platform last year to help customers develop and launch AI applications. Calling AIP a success would be an understatement. CEO Alex Karp has called customer demand for AIP unprecedented, and it's showing up in the company's results. PLTR Revenue (TTM) data by YCharts To date, Palantir still has just 262 commercial customers. There are over 20,000 large businesses in the United States alone. AI could become crucial to competing in the economy. The government's close relationship with Palantir is arguably a vote of confidence in that idea. Investors are looking at potentially decades of growth as Palantir's technology steadily expands to new industries and use cases. After all, there aren't many (if any at all) software products as flexible as Palantir's, which can aid military missions as easily as it can run a hospital. Investors can and should bet on Palantir's diverse software creating ample growth and investment returns in the future. The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $757,001!* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft, Nvidia, and Palantir Technologies. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
[2]
3 Artificial Intelligence (AI) Stocks to Buy With $600 and Hold for Forever | The Motley Fool
The best way to profit from a brand-new and volatile industry like AI is to stick to the clear winners. The hype around artificial intelligence (AI) is justified; researchers seem pretty sure that AI technology will add trillions of dollars in value to the global economy over the coming decade and beyond. That said, it's unclear today which companies will be best at capturing this massive economic opportunity. That's likely why AI hype has boosted so many technology stocks over the past 18 months. Not every one of these AI stocks will succeed in the long run. The best money-making option for investors might be to swing to get on base rather than trying to hit home runs. One way to do that is to invest in obvious AI winners with less potential upside as well as less chance of striking out. Three clear winners have emerged from the AI pack. With an investment of as little as $600, you could buy a full share of all three stocks and hold these winners indefinitely. These stocks have what it takes to establish quality AI exposure that could lift your portfolio over the coming years. Software and specialty chip designer Nvidia (NVDA -0.77%) is the poster child of artificial intelligence today, placing it at the top of the list. Nvidia is the overwhelming choice for companies that need specialized AI chips for the data centers running powerful AI models. The company accounted for an astonishing 98% of data center graphics processing unit (GPU) sales last year. Revenue growth exploded, with companywide sales hitting nearly $80 billion over the past four quarters. Nvidia's secret sauce is its proprietary CUDA software, which optimizes Nvidia's GPU chips for AI applications. Long-term investors must ask: Can this level of growth continue? Competition will undoubtedly come for Nvidia, and customers may not want to depend solely on one source for such a critical AI component. However, the AI chip market could grow to approximately $228 billion by 2030, several times its current size. It's possible that a rapidly growing market offsets lost market share, and the fact that Nvidia dominated so much so quickly signals a powerful competitive moat that won't likely fall apart easily. Continually advancing AI technology could demand frequent upgrades to better chips and hardware. There is much to like, even if Nvidia slowly cedes market share over the coming years. Long-term investors can confidently hold the stock until proven otherwise. Veteran technology giant Microsoft (MSFT 0.43%) stands out for its diversification. The company dabbles in hardware and software across enterprise and consumer markets. From the cloud to gaming, Microsoft is everywhere. That includes plenty of AI exposure. Microsoft partnered with AI software developer OpenAI, establishing Microsoft's Azure as its exclusive cloud platform. That means Microsoft benefits as AI-related computing needs trickle through its cloud business. Additionally, Microsoft is weaving AI features into software programs and launching AI-powered personal computers. Financially, Microsoft is a juggernaut with a higher credit rating than the U.S. government. Management also treats shareholders well by returning profits via dividends and share repurchases. Microsoft has raised its dividend for 22 consecutive years and repurchased enough stock to lower its share count by almost 10% over the past decade. Microsoft's best growth days are over; the company is already worth $3 trillion. However, there is still gas in the tank. Analysts expect double-digit earnings growth moving forward, which is plenty to make the stock a long-term winner. AI tools are cutting-edge for most companies, but for Palantir Technologies (PLTR 1.23%), they're an extension of what it's known for years. Over a decade ago, the company started doing complex data analytics work for government agencies like the CIA, NSA, and FBI. Since then, it's expanded to the corporate sector, where its custom software optimizes supply chains, detects financial fraud, and much more. Palantir launched its AIP platform last year to help customers develop and launch AI applications. Calling AIP a success would be an understatement. CEO Alex Karp has called customer demand for AIP unprecedented, and it's showing up in the company's results. To date, Palantir still has just 262 commercial customers. There are over 20,000 large businesses in the United States alone. AI could become crucial to competing in the economy. The government's close relationship with Palantir is arguably a vote of confidence in that idea. Investors are looking at potentially decades of growth as Palantir's technology steadily expands to new industries and use cases. After all, there aren't many (if any at all) software products as flexible as Palantir's, which can aid military missions as easily as it can run a hospital. Investors can and should bet on Palantir's diverse software creating ample growth and investment returns in the future.
Share
Share
Copy Link
Artificial Intelligence (AI) is revolutionizing industries, and investors are keen on identifying the best AI stocks for long-term investment. This article explores top AI companies that are poised for significant growth in the coming years.
Artificial Intelligence (AI) has emerged as a transformative force across various industries, prompting investors to seek out the most promising AI stocks for long-term growth. As the technology continues to evolve and expand its applications, certain companies are positioning themselves at the forefront of this revolution 1.
Nvidia Corporation has established itself as a dominant player in the AI chip market. The company's graphics processing units (GPUs) are essential for training and running AI models, making Nvidia a crucial component of the AI ecosystem. With a market capitalization exceeding $1 trillion, Nvidia's stock has seen remarkable growth, driven by the surging demand for AI capabilities 1.
Microsoft has made significant strides in integrating AI into its product lineup, particularly through its partnership with OpenAI. The company's Azure cloud platform has become a preferred choice for businesses looking to implement AI solutions. Microsoft's strategic investments in AI have positioned it as a leader in the enterprise AI market, with potential for substantial long-term growth 2.
Alphabet, the parent company of Google, has been at the forefront of AI research and development for years. With projects like Google Brain and DeepMind, Alphabet is pushing the boundaries of AI capabilities. The company's vast data resources and strong position in search and cloud services provide a solid foundation for AI innovation and monetization 2.
Investors are advised to consider these AI stocks for their long-term portfolios. The AI industry is expected to grow significantly, with estimates suggesting it could add $15.7 trillion to the global economy by 2030 1. While short-term volatility is possible, the long-term prospects for well-positioned AI companies remain strong.
Despite the promising outlook, investors are reminded of the importance of diversification and thorough research. The AI sector is highly competitive, and technological advancements can quickly shift the landscape. It's crucial for investors to monitor the evolving AI market and adjust their strategies accordingly 2.
Reference
[1]
As artificial intelligence continues to dominate tech discussions, investors are keenly eyeing AI stocks. This article explores the top AI companies, investment strategies, and potential market leaders in the rapidly evolving AI landscape.
4 Sources
As artificial intelligence continues to dominate the tech landscape, investors and billionaires are placing their bets on promising AI stocks. This article explores the top AI companies attracting attention and why they're considered strong investment opportunities.
4 Sources
As the artificial intelligence sector continues to grow, investors are focusing on key AI stocks with significant potential. This article explores top AI companies that analysts believe could yield substantial returns in the coming years.
3 Sources
As artificial intelligence continues to dominate the tech landscape, billionaire investors are placing their bets on key AI stocks. This article explores the top AI companies, their market performance, and why they're attracting significant attention from high-profile investors.
8 Sources
Recent market fluctuations have sparked discussions about AI stocks. Despite concerns of a bubble, experts see potential in key players like Nvidia, Microsoft, and Apple. This article explores investment opportunities in the AI sector.
6 Sources